They say that the computers could not even handle all the sell orders today, what happens tomorrow????
2007-02-27 08:10:14 · 5 answers · asked by victorschool1 5 in Business & Finance ➔ Investing
1) No.
2) Don't believe the hype. I can asure you the NYSE can handle a lot more than 4,206,927,000 shares and the NASDAQ can handle a lot more than 3,037,387,000 shares.
Here are the current records for NASDAQ:
3,195,033,800 04/18/2001
3,185,476,700 01/03/2001
2007-02-27 08:25:35 · answer #1 · answered by Anonymous · 0⤊ 1⤋
While there will be some sell orders tomorrow, many "smarter" traders already had trailing stops on their positions and were already closed out for smaller losses.
We'll see how overseas markets react to get a better gauge for tomorrow, but volume should not be a problem. All my orders went through in seconds as usual. The person who had troubles selling might consider getting a different broker.
Today was a big day. I suspect at least some money will be waiting tomorrow for a sign that it's ok to go back into the pool. ;-)
2007-02-27 16:55:06 · answer #2 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
Yup, the "smart" people are going to sell tomorrow. Always "smart" to sell after the dive. If they were really smart they would have sold yesterday.
A small percentage of the stock market are individuals. Most are large companys/mutual funds. They took care of what they wanted to today. So what happens tomorrow? No one knows, and if everyone did, the pros have already figured that out and placed bids today to make money on what happens tomorrow. Sit tight, you cannot time the market. Doing so is impossible.
2007-02-27 17:21:13 · answer #3 · answered by NYC_Since_the_90s 6 · 0⤊ 0⤋
They couldn't handle the buy orders either--both me and my father (4 states away) had trouble getting our buy orders accepted via the internet this afternoon (around 3:30pm ET). I think tomorrow we'll see a minor adjustment back up, though over this week we probably won't get back up as high as we were yesterday.
2007-02-27 16:16:28 · answer #4 · answered by lizzgeorge 4 · 1⤊ 0⤋
Some people are not that smart and will leave their money in for the long run. It is going to be a really long run.
Others are smart and will sell.
There are locks that halt trading to keep people from selling.
That is why there were so many Boo's at the ending bell.
They say it is a "Correction" and a their will be a "Recession".
There is nothing to worry about! hahaha!
2007-02-27 16:18:03 · answer #5 · answered by Anonymous · 0⤊ 1⤋